U.S. stocks gained on Friday, ahead of a long Memorial day weekend, after U.S. President Donald Trump predicted a swift end to the ongoing trade war with China. The S&P 500 index is on pace to end the week 1% lower, which would make it the third straight week of losses for the benchmark index, as markets worried that the trade war would result in a global economic slowdown.

U.S. stocks gained on Friday, ahead of a long Memorial day weekend, as investors breathed a sigh of relief after President Donald Trump indicated that the protracted trade war with China could end soon. Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal. The S&P 500 index is on pace to end the week 1% lower, which would make it the third straight week of losses for the benchmark index, as markets worried that the trade war would result in a global economic slowdown.

Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week. Although the Trump administration temporarily eased curbs on the Chinese telecoms gear maker, tensions again mounted on Wednesday following reports that the United States was considering sanctions on Chinese video surveillance firm Hikvision. Investors now fret that tit-for-tat tariffs and other retaliatory actions by the world's two largest economies will hold back global growth, especially hitting the high-growth technology sector.

U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight. Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week. Investors now fret that tit-for-tat tariffs and other retaliatory actions by the world's two largest economies will be a drag on global growth, especially hitting the high-growth technology sector.

US District Judge Lucy Koh made a ruling on the FTC's Qualcomm case, saying they did violate US anti-trust laws. The cyclical nature of the semiconductor business makes it very sensitive to economic factors.

Qualcomm said it will immediately ask the judge to put the decision on hold and seek a quick appeal to the federal appeals court in California. ** "In order to ensure Qualcomm's compliance with the above remedies, the court orders Qualcomm to submit to compliance and monitoring procedures for a period of seven years. ** "Qualcomm's failure to alter its unlawful licensing practices despite years of foreign government investigations, findings, and fines suggests an obstinance that a monitoring provision may address.

How Tech Stocks Are Performing amid US-China Face-OffTrade talksThe US-China trade talks, which seemed headed in the right direction until last month, have come to a standstill. Earlier this month, US President Donald Trump accused China of going

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices. The decision issued late Tuesday night by U.S. District Judge Lucy Koh in San Jose, California, caused Qualcomm shares to plunge 11 percent on Wednesday. "Qualcomm's licensing practices have strangled competition" in parts of the chip market for years, harming rivals, smartphone makers, and consumers, Koh wrote in a 233-page decision.

U.S. President Donald Trump said on Tuesday he will nominate Barbara Barrett, a former chair of the Aerospace Corporation, to be secretary of the Air Force. "I am pleased to announce my nomination of Barbara Barrett of Arizona, and former Chairman of the Aerospace Corporation, to be the next Secretary of the Air Force," Trump said on Twitter. Heather Wilson resigned as Air Force Secretary in March to return to academia and become president of the University of Texas at El Paso.

Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Technology shares rose 1.2% to add the most gains to the S&P 500 among the benchmark index's major sectors.

Shares of technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Technology shares rose 1.3% to add the most gains to the S&P 500 among the benchmark index's major sectors.

Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies, raising expectations that the two countries would work toward a trade deal. The Philadelphia Semiconductor Index gained 2.09% and was on track to end a three-day slump. The broader S&P 500 technology sector rose 1.21%, the most among the 10 major S&P sectors trading higher.